Kleiman & Weinshank, LLP specializes in representing cooperative housing corporations and condominium associations in the New York City metropolitan area. Our Website has been designed to be a resource tool for the cooperative and condominium community as we endeavor to continue to provide the highest quality professional service and guidance to the coop and condo community. As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources.
As a result of our experience in the coop and condo industry, we have accumulated vast amounts of financial information on the industry. In the Internet Links section, we've provided our "Cooperative and Condominium Database" file for 2016, which may be downloaded and tailored by the user to his or her needs. This database provides a wealth of information that can be viewed from many different perspectives. Although each property is unique, we have assembled the financial data into commonly used income and expense categories. At the top of each column we’ve provided a description of the property, including location and size. The properties have been listed in size order. At the bottom of the columns is valuable information on average monthly maintenance per unit, mortgage debt per unit (for coops), the percentage of maintenance charges tax deductible to the tenant-stockholders (for coops), and the lending institution. This information on lenders can be extremely useful to a cooperative which is looking to refinance its mortgage debt. Also included is the coop’s or condo’s available working capital. This can be very useful in assisting a building determine how its level of reserves compares to others.
In addition, we've gathered links to external Websites that would be of interest to our cooperative and condominium clients and visitors (in the Internet Links section) and we've provided financial calculators (in the Financial Tools section) which can be useful in making decisions regarding borrowing and refinancing.
While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being responsive to inquiries and suggestions.